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Goldman Welcomes Chile Stimulus

Nov 5, 2008

A package of measures to stimulate the economy and prepare Chile to face the impact of the global financial crisis – which could generate up to $6.5bn in new funds, according to the finance minister – is welcomed by Goldman...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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